NEWTON RES (01231)
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NEWTON RES (01231) News
Newton Resources Affirms Director's Role After HKEX Censure Over China Aoyuan Case
NEWTON RES: Date of Board Meeting
Sun Mining Resources (01231) issues profit warning, expecting a net loss of approximately USD 1.1 million for the interim period, representing a year-on-year increase.
Sun Mining Resources (01231) announced that the Group expects to report a net loss of approximately USD 1.1 million for the six-month period ended June 30, 2026 (the current period), compared to a net loss of approximately USD 0.4 million for the six-month period ended June 30, 2025 (the same period last year).
NEWTON RES: Profit Warning
Express News | MIIT: The national replacement ratio for iron smelting and steelmaking capacity shall be no less than 1.5:1.
The Ministry of Industry and Information Technology issued a notice on the implementation measures for capacity replacement in the steel industry. First, the replacement ratio will be increased. The national replacement ratio for iron smelting and steelmaking capacity shall be no less than 1.5:1, while the replacement ratio for mergers and reorganizations will be raised to no less than 1.25:1. Second, inter-company capacity replacement will be gradually eliminated. A two-year transition period is set for inter-company capacity replacement; after the transition period, capacity transfer can only be achieved through substantial mergers and reorganizations. Third, an expiration date is set. The validity period of the plan is clearly defined as 24 months. Fourth, equipment construction by stainless steel enterprises will be standardized. The quantity and volume of induction furnaces for melting alloys built by stainless steel enterprises must match the requirements of their electric furnace or converter processes to prevent enterprises from abusing the name of alloy melting to build induction furnaces and add new steelmaking capacity.
Newton Resources Sets 2026 AGM to Renew Board, Auditor and Capital Mandates
NEWTON RES: Annual Report 2025
Did Trump 'show leniency'? Major adjustments to metal tariffs, but the 50% punitive measure remains firmly in place.
Products containing less than 15% steel, aluminum, or copper are exempt from tariffs, while products made purely of American metals are subject to only a 10% tariff—Trump has made a “humanized” adjustment to the metal tariffs. However, don’t celebrate too soon: A wide range of derivatives, such as steel pipes, still face a full 50% tariff.
Official Announcement: The United States imposes a 25% tariff on steel, aluminum, and copper finished products, and a 100% tariff on patented drugs, but grants exemptions in accordance with agreements.
The White House announced that, under Section 232 of the Trade Act of 1962, a unified 25% tariff will be imposed on imported steel, aluminum, and copper as well as their manufactured products and derivatives. Products containing 15% or less of steel, aluminum, or copper are exempt from such tariffs. Under the same provision, a 100% tariff will be levied on branded or patented imported pharmaceuticals. If the drugs are produced in regions or countries like the EU that have signed trade agreements with the United States, a preferential tariff rate of 15% will apply. Enterprises that sign most-favored-nation pricing agreements and production repatriation agreements with the U.S. will enjoy duty-free status until 2029.
Express News | U.S. Adjusts Tariffs on Steel, Aluminum, and Copper: Exemptions for Low-Content Products; Tariffs Based on Product Value for High-Content Products
U.S. President Trump signed a statement on Thursday local time, adjusting the national security tariffs on imports of steel, aluminum, and copper to lower tariff rates on derivative products made from these metals, simplify the declaration process, and prevent underreporting of import values. The statement noted that the U.S. will maintain a 50% import tariff on bulk commodities such as steel, aluminum, and copper, but this rate will apply to prices paid by U.S. consumers. Other changes include: the U.S. will eliminate the 50% tariff on products derived from steel, aluminum, and copper, provided that the metal content of these products (by weight) is less than 15%.
Express News | Trump Proposes Overhaul of Steel and Aluminum Tariffs: Uniform 25% Levy on Finished Goods to Replace 50% Tariff Based on Metal Value
According to a report by The Wall Street Journal, the Trump administration is preparing to overhaul its steel and aluminum tariff system, adjusting duties on finished products to streamline compliance procedures. The net effect of these changes could mean an increase in the actual costs of many imported products. According to informed sources, under an announcement expected as early as this week, finished goods containing imported steel and aluminum will be subject to a 25% tariff. Sources indicated that the 25% tariff will apply to the total price of finished goods (i.e., derivative products) containing steel and aluminum. This will replace the current 50% tariff, which taxes the metal value contained within the product. Bulk steel and aluminum products will remain subject to the 50% tariff—goods almost entirely made from these metals. If certain goods are predominantly composed of metal, they may be reclassified as bulk commodities. White House spokesperson Kush Desai stated that the administration has “consistently made clear that it is pursuing a detailed, flexible, and multifaceted strategy to bring key manufacturing back to the United States,” adding that “any reports regarding potential administrative actions not yet formally announced by the government should be regarded as unconfirmed speculation.”
Four days later, the US and Israel took action again, with Iran claiming that a key domestic steel plant was attacked on Tuesday.
Mobarakeh and Khuzestan Steel plants collectively account for nearly half of Iran's steel industry output. Iran is a key steel exporter in the Middle East and Asian markets, particularly holding a significant share in the plate and billet segments.
Performance: Xin Kuang Resources (01231.HK) reported an increased full-year loss of USD 7.015 million.
New Mineral Resources (01231.HK) announced its 2025 annual results, with revenue amounting to US$194 million, representing a year-on-year decrease of 37.5%. The net loss widened from US$290,000 in the previous year to US$7.015 million, with a loss per share of 0.18 US cents. No final dividend was declared.
Xin Kuang Resources (01231) released its annual results, reporting a net loss attributable to shareholders of 7.015 million USD, representing an increase of 2,344.25% year-over-year.
New Mine Resources (01231) announced its annual results for the year ended December 31, 2025. The group reported revenue of US$194 million, a year-on-year decrease of 37.46%; the loss attributable to the company's shareholders was US$7.015 million, representing a year-on-year increase of 2344.25%; and the basic loss per share was 0.18 US cents.
NEWTON RES: ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2025AND PROPOSED AMENDMENTS TO THE ARTICLES
Newton Resources Sets March Board Meeting to Approve 2025 Results and Consider Dividend
NEWTON RES: Date of Board Meeting
New Mineral Resources (01231.HK) recently estimated its net loss for last year widened to USD 7.2 million.
New Mineral Resources (01231.HK) has updated its profit warning, forecasting a net loss of approximately US$7.2 million for the 2025 fiscal year, compared to a net loss of US$0.3 million in the previous year. The anticipated loss is primarily attributed to a recognized contract impairment loss of US$4.1 million; reduced supply and lower quality with significant variability in iron ore from Koolan, leading to declines in sales and gross profit; and weak demand, resulting in a substantial decrease in unit gross profit for iron ore.
NEWTON RES: PROFIT WARNING
Hong Kong-listed steel stocks rose again as the steel industry reported strong production and sales in the first month. Institutions predict that the steel sector could recover by 2026.
Steel stocks have risen again.